XRP is showing signs of renewed momentum as on-chain data reveals a surge in whale-tier transactions. Large holders appear to be capitalizing on current price points, pushing network activity to its most active level in ninety days.
Despite the influx of institutional interest and the rapid creation of new wallets, the broader retail market remains hesitant. Many traders are adopting a wait-and-see approach as the market continues to grapple with volatility.
Technical analysts are pointing to the $1.10 threshold as the primary battlefield. Achieving a decisive close above this price point is seen as a prerequisite for sustaining a long-term bullish trend.
Key factors to monitor:
- Increased wallet formation rates.
- Volume spikes from large-holder cohorts.
- The struggle to clear $1.10 overhead resistance.
